Echo Investment posts €14m profit in Q3

The developer Echo Investment had a net profit exceeding €3.2m for the third quarter of 2009, while its net income exceeded €23.9m.

Combined net profit over the period  stands at €20.7m, an increase of 14 percent from the same period last year. Net revenues exceeded €80m and were 20% higher.

Q3 income came from sales at its residential projects in Warsaw – Inflancka (phase III ) and Zwycięzców (phase II),in Poznan – Naramowice Housing Estate (phase III),and in Bilcza near Kielce (Bilcza Housing Estate II).

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